Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Ratifying The Issuance Of A Change Order To Blanket Purchase Agreement #PA600471 With Enterprise FM Trust For Final Payment On 45 Lease-To-Own Vehicles To Increase The Contract Amount From $2,313,610.36 To $2,563,610.36.
Strategic Plan Focus
Public Safety
Body
Staff Recommends: The Approval of the Attached Resolution
Explanation:
The Police Department seeks to ratify the issuance of a change order in the amount of $250,000.00 to the Enterprise FM Trust Blanket Purchase Agreement (“BPA”) #PA600471. The contract was originally approved via R-2021-088 in the amount of $2,313,10.36 to lease to own 45 police vehicles for a 36-month period from the delivery date and the interest rate per vehicle was based on delivery dates. The delivery dates of the vehicles spanned 8 months, and because of the variable interest rates there are larger payments than anticipated initially.
According to Enterprise’s Master Equity Lease Agreement, monthly payments in the approximate amount of $49,000 will continue until a final payment to purchase is made and the City takes vehicle title. The ongoing monthly lease payment does not decrease the final payoff amount. This change order authorizes the final payment and concludes the City’s ongoing monthly lease payments.
Fiscal Impact:
Funding for the change order is available in the amended FY 2025 Capital Improvement Plan and is available in account number 557.209901.51900.574171.000000.000.000.
Recommended for inclusion on the agenda by:
Jeff Devlin, Chief of Police
Chris O’Brien, Director of Public Safety